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India’s H-Energy signs MoU with Petrobangla to supply LNG to Bangladesh

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H-Energy signs MoU with PetrobanglaIndia’s H-Energy signed an Memorandum of Understanding (MoU) with Petrobangla (Bangladesh Oil, Gas & Mineral Corporation), a government-owned national oil company of Bangladesh for supply of R-LNG (Regasified-Liquefied Natural Gas) to Bangladesh.

  • H-Energy will supply LNG to Bangladesh via the 250 km ‘Kanai Chatta (West Bengal) – Shrirampur (Bangladesh) Natural Gas Pipeline’, which is expected to be commissioned in 2023.
  • H-Energy was authorized by the Petroleum and Natural Gas Regulatory Board (PNGRB), the regulatory body in India to build, own and operate the Kanai Chhata-Shrirampur natural gas pipeline connecting H-Energy’s LNG terminal in West Bengal and further connecting to the Bangladesh border. It became the only company to receive authorisation from PNGRB to lay a pipeline to the Bangladesh border.

Key Points

i.H-Energy’s fully owned subsidiary HE Marketing private is responsible for sourcing LNG and supplying R-LNG to Petrobangla.

ii.Within Bangladesh, Petrobangla will supply the R-LNG to gas-based power producers and other gas consumers.

iii.H-Energy is developing an LNG terminal on the western (Jaigarh, Rajasthan) and eastern coast of India (at Kakinada, Andhra Pradesh & Kukrahati, West Bengal).

iv.It will start the commission of its floating LNG receiving terminal at Jaigarh port, Maharashtra in July 2021.

  • The Jaigarh terminal project is connected to the national gas grid at Dabhol, Maharashtra through a 56 Km pipeline.

Recent Related News:

i.On January 5, 2021, PM Narendra Modi virtually inaugurated the 450 Km Long Kochi-Mangalore Natural Gas Pipeline which was constructed by GAIL (India) Ltd at a cost of INR 3, 000 crores.

About H-Energy

MD & CEO – Darshan Hiranandani
Headquarters – Mumbai, Maharashtra

About Petrobangla

Chairman – A B M Abdul Fattah
Headquarters – Dhaka